I swapped LRC for Bitcoin right before the top and I've been waiting for a good re entry. I think this is a safe zone. It could go lower and maybe even fall through the support zone so this isn't a scalp trade. I think in a month or two you'll look back on a buy here as a good idea. I'm not ready to YOLO here, but a nice DCA is looking pretty sexy.
It is trading below the 50 day EMA, and I think this project has enough traction to find a nice liftoff from it's microscopic market cap of $660 Million. $2-3 billion market cap in April???
There's nothing bullish about the technicals aside from the fact that it's already really low, I'm simply expecting this to gain popularity in the next two months.
It is trading below the 50 day EMA, and I think this project has enough traction to find a nice liftoff from it's microscopic market cap of $660 Million. $2-3 billion market cap in April???
There's nothing bullish about the technicals aside from the fact that it's already really low, I'm simply expecting this to gain popularity in the next two months.
Comment:
It's hard for me to imagine that this isn't the bottom. I still like LRC and think it will have it's day. ~900 satoshis, it has good support here, number go up.